Royal Bank of Canada Boosts Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Royal Bank of Canada grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 466,403 shares of the real estate investment trust's stock after acquiring an additional 6,869 shares during the quarter. Royal Bank of Canada owned about 0.17% of Gaming and Leisure Properties worth $23,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Gaming and Leisure Properties by 3.1% in the first quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust's stock valued at $588,242,000 after purchasing an additional 349,065 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Gaming and Leisure Properties by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust's stock valued at $242,597,000 after purchasing an additional 77,562 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Gaming and Leisure Properties by 127.7% in the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust's stock valued at $229,673,000 after purchasing an additional 2,530,463 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Gaming and Leisure Properties by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust's stock valued at $167,642,000 after purchasing an additional 10,092 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Gaming and Leisure Properties in the first quarter valued at approximately $151,723,000. Hedge funds and other institutional investors own 91.14% of the company's stock.

Gaming and Leisure Properties Trading Down 0.7%

Shares of NASDAQ GLPI traded down $0.36 during trading on Friday, reaching $48.05. The stock had a trading volume of 2,422,022 shares, compared to its average volume of 1,986,190. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 7.39 and a current ratio of 7.39. The business's 50-day moving average price is $47.18 and its 200-day moving average price is $47.74. The company has a market cap of $13.60 billion, a P/E ratio of 18.62, a PEG ratio of 10.53 and a beta of 0.73.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The firm had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. During the same period in the previous year, the firm posted $0.94 earnings per share. The company's quarterly revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. On average, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, September 12th. Gaming and Leisure Properties's payout ratio is 120.93%.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director directly owned 133,953 shares of the company's stock, valued at $6,234,172.62. The trade was a 2.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

GLPI has been the subject of several recent research reports. Royal Bank Of Canada cut their price target on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a research note on Monday, July 21st. Barclays cut their target price on Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 20th. Macquarie cut their target price on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. Finally, Mizuho raised their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of "Hold" and an average price target of $52.85.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.